Which Are The Best High and Low Usage Electric Plans?
One-size-fits-all products usually don’t live up to the hype. Unless you are completely average, the fit isn’t exactly tailormade. Most of the time, this holds true for retail electricity plans because best high and low usage electric plans tend to be different. Each plan has a different pricing structure to meet the needs of a market segment. So, rarely do you find the cheapest 12-month plans work for both high and low usage customers. However, this month is one of those rare instances.
High and Low Usage Electric Plans
The cheapest 12-month plan for both 1,000 kWh and 2,000 kWh customers is the Energy Texas Come & Take It 12. The plan’s pricing is super simple. Customers pay a monthly $4.95 base charge followed by a flat rate for each kilowatt-hour consumed. At 1,000 kWh, the average rate is 10.0 cents which results in a $100 average bill. At 2,000 kWh, the average rate is 9.6 cents for an average bill of $192.
The Spark Green Secure 12 plan from Spark Energy also competes favorably for high and low usage electric plans. The pricing here is a bit different. This plan charges customers $8.99 if they fail to use 1,000 kWh in a billing cycle. Consequently, the plan is a poor option for people who live in small apartments. At 1,000 kWh, the plan’s average rate is 13.3 cents for an average bill of $124. When consuming 2,000 kWh, the rate is 12.6 cents to yield an average bill of $243.
Watch Out For Bill Credits
Though the two plans described above do not have bill credits, this pricing quirk is important to mention here. Bill credits kick in when a customer reaches a specific usage point. Upon reaching this threshold, the retail provider gives the customer a discount. So, despite increasing usage, the monthly bill can drop sharply.
Ordinarily, the most common bill credit among Texas electricity plans happens at 1,000 kWh. If a customer uses 999 kWh in a billing cycle, this customer does not earn the bill credit. This is precisely what can happen with the Frontier Utilities Best Value 12 plan. This plan’s $75 bill credit window is between 1,000 and 1,500 kWh. With one more kilowatt-hour of usage, the customer’s bill drops dramatically. This is why it’s always important to know your home’s normal usage when you evaluate electric plans. Coming up short of a bill credit’s usage threshold can easily wind up costing you more.
Do Your Own Electric Plan Research
Always remember that you’re not like every other Texas electricity customer! Don’t rely on your current provider’s recommendation when your current plan expires. Do the research for yourself at https://www.texaselectricityratings.com. Here you can find just the right plan to meet your lifestyle needs.